Freelancer (ASX:FLN) Might Have The Makings Of A Multi-Bagger
May 06
Australian (ASX) Professional Services Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies25
- 7D-0.2%
- 3M4.8%
- 1Y7.8%
- YTD4.9%
In the last week, the Professional Services industry is flat overall, with Smartgroup standing out by going down 6.9%. The past year has been better, since the industry has gained 7.8% in that time. Looking forward, earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Australian Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | AU$29.3b | AU$14.4b | AU$1.4b | 19.3x | 20.5x | 2x |
| Sun, 07 Apr 2024 | AU$29.7b | AU$14.4b | AU$1.4b | 20.1x | 20.7x | 2.1x |
| Tue, 05 Mar 2024 | AU$29.2b | AU$14.4b | AU$1.4b | 20.1x | 20.3x | 2x |
| Thu, 01 Feb 2024 | AU$28.3b | AU$13.8b | AU$1.2b | 20.8x | 23.4x | 2.1x |
| Sat, 30 Dec 2023 | AU$27.9b | AU$13.6b | AU$1.2b | 18.6x | 23.4x | 2.1x |
| Mon, 27 Nov 2023 | AU$26.9b | AU$13.8b | AU$1.2b | 19.1x | 22.2x | 2x |
| Wed, 25 Oct 2023 | AU$28.1b | AU$13.8b | AU$1.3b | 18.5x | 22.4x | 2x |
| Fri, 22 Sep 2023 | AU$28.8b | AU$13.8b | AU$1.2b | 18.1x | 23.3x | 2.1x |
| Sun, 20 Aug 2023 | AU$28.2b | AU$13.1b | AU$694.8m | 18.8x | 40.6x | 2.2x |
| Tue, 18 Jul 2023 | AU$28.2b | AU$12.7b | AU$654.5m | 17x | 43.1x | 2.2x |
| Thu, 15 Jun 2023 | AU$27.3b | AU$12.7b | AU$656.3m | 16.8x | 41.7x | 2.1x |
| Sat, 13 May 2023 | AU$27.3b | AU$12.8b | AU$652.1m | 16.3x | 41.8x | 2.1x |
| Mon, 10 Apr 2023 | AU$27.1b | AU$12.8b | AU$653.4m | 16.8x | 41.4x | 2.1x |
| Wed, 08 Mar 2023 | AU$13.3b | AU$7.3b | AU$581.0m | 16.8x | 23x | 1.8x |
| Fri, 03 Feb 2023 | AU$13.6b | AU$6.7b | AU$488.8m | 20.1x | 27.8x | 2x |
| Sun, 01 Jan 2023 | AU$13.0b | AU$6.7b | AU$489.8m | 19.8x | 26.6x | 2x |
| Tue, 29 Nov 2022 | AU$13.6b | AU$6.7b | AU$489.9m | 18.8x | 27.8x | 2.1x |
| Thu, 27 Oct 2022 | AU$13.4b | AU$6.5b | AU$416.6m | 20.5x | 32.2x | 2.1x |
| Sat, 24 Sep 2022 | AU$13.1b | AU$6.5b | AU$417.3m | 20.1x | 31.3x | 2x |
| Mon, 22 Aug 2022 | AU$14.7b | AU$5.9b | AU$319.2m | 31x | 46x | 2.5x |
| Wed, 20 Jul 2022 | AU$12.7b | AU$5.9b | AU$318.1m | 25.8x | 39.9x | 2.1x |
| Fri, 17 Jun 2022 | AU$12.2b | AU$5.9b | AU$318.0m | 26x | 38.4x | 2.1x |
| Sun, 15 May 2022 | AU$13.7b | AU$5.8b | AU$306.0m | 29.7x | 44.9x | 2.4x |
| Tue, 12 Apr 2022 | AU$14.8b | AU$5.8b | AU$306.3m | 32.9x | 48.3x | 2.6x |
| Thu, 10 Mar 2022 | AU$13.8b | AU$8.0b | AU$302.8m | 33.6x | 45.7x | 1.7x |
| Sat, 05 Feb 2022 | AU$11.1b | AU$4.6b | AU$350.6m | 21.1x | 31.7x | 2.4x |
| Mon, 03 Jan 2022 | AU$12.9b | AU$4.6b | AU$324.8m | 21.3x | 39.8x | 2.8x |
| Wed, 01 Dec 2021 | AU$12.2b | AU$4.6b | AU$324.3m | 15.7x | 37.6x | 2.7x |
| Fri, 29 Oct 2021 | AU$13.1b | AU$4.4b | AU$318.6m | 21x | 41x | 3x |
| Sun, 26 Sep 2021 | AU$11.9b | AU$4.4b | AU$344.0m | 20.3x | 34.6x | 2.7x |
| Tue, 24 Aug 2021 | AU$11.8b | AU$4.4b | AU$344.3m | 20.7x | 34.2x | 2.7x |
| Wed, 30 Jun 2021 | AU$11.9b | AU$4.3b | AU$341.2m | 22.6x | 34.8x | 2.7x |
Price to Earnings Ratio
35.6x
Current Industry PE
- Investors are pessimistic on the Australian Professional Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.5x which is lower than its 3-year average PE of 34.0x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Professional Services industry have grown 66% per year over the last three years.
- Revenues for these companies have grown 50% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | 1.77% | |
| Industrials | 1.82% | |
| Professional Services | -0.21% | |
| Research and Consulting Services | -0.19% | |
| HR Services | -2.48% | |
Industry PE
- Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 35.4x.
- Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 1.2% per year.
- Investors are most pessimistic about the HR Services industry, which is trading below its 3-year average of 26.3x.
Forecasted Growth
- Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings growth rate of 5.3% per year.
- In contrast, the Research and Consulting Services industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CPU Computershare | AU$26.77 | 1.0% +AU$151.2m | 22.5% | PE22.4x | |
| APM APM Human Services International | AU$1.16 | 10.5% +AU$100.9m | -38.3% | PE14.4x | |
| ALQ ALS | AU$13.26 | 1.3% +AU$82.3m | 5.6% | PE24.3x | |
| QIP QANTM Intellectual Property | AU$1.81 | 7.4% +AU$17.5m | 112.4% | PE21.4x | |
| KPG Kelly Partners Group Holdings | AU$6.73 | 1.7% +AU$5.0m | 47.6% | PE94.7x |
